DSP BR MF offers top 200 fund

The Focus 25 Fund is scheduled to open on April 23 and closes on May 21.

The Focus 25 Fund is an open-ended equity growth scheme investing largely in stocks of the top 200 companies by market capitalisation. The portfolio will limit exposure to companies beyond the top 200 companies by market capitalisation to 20 per cent of the net asset value,Naganath said.

The scheme will normally hold equity and equity-related securities,including equity derivatives of up to 25 companies.

8220;In a market which has risen significantly over the last one year,there has been significant performance divergence not only among sectors,but also amongst stocks within these sectors. This highlights the fact that besides sector selection,stock selection is extremely important.

8220;We expect engineering and capital goods industry to do well in the near future,8221; Naganath said.

8220;We believe that this fund will appeal greatly to investors who are seeking a concentrated equity portfolio,8221; Naganath said,adding the fund will launch more new products in 2010.

DSP BlackRock Mutual Funds8217; assets under management AUM is estimated at Rs 22,200 crore.